Recent Updates — SKYH
Sky Harbour Group Corporation closed a registered direct offering of 1,000,000 shares of Class A common stock to M-COR Capital LLC on August 26, 2026. The company received aggregate gross proceeds of $10.0 million at a purchase price of $10.00 per share, before deducting offering-related expenses. Net proceeds are intended for general corporate purposes under an existing shelf registration statement filed in March 2024. Sky Harbour Group Corporation operates as an airport infrastructure and development company.
Sky Harbour Group Corporation entered into a Stock Purchase Agreement with M-Cor Capital LLC to sell an additional 1,000,000 shares of Class A common stock at $10.00 per share in a registered direct offering. The company expects to receive approximately $10.0 million in aggregate gross proceeds from this transaction, which is expected to close on or before August 26, 2026. Net proceeds will be used for general corporate purposes and to support future hangar developments. Sky Harbour Group Corporation operates as an aviation infrastructure company developing a nationwide network of Home Base Operator campuses for business aircraft.
Sky Harbour Group Corporation entered into a Stock Purchase Agreement on August 10, 2026, to sell 4,000,000 shares of Class A common stock in a registered direct offering at $10.00 per share. The closing occurred on August 12, 2026, generating $40.0 million in gross proceeds before expenses. Concurrently, Boston Omaha Corporation sold 360,000 secondary shares to investors at the same price, with closings expected by August 14, 2026. Lock-up agreements prevent insiders from selling shares for 90 days following the closing. The company operates in the aviation infrastructure industry, owning and operating airports.
Sky Harbour Group Corporation reported unaudited financial results for the three and six months ended June 30, 2026, alongside an investor presentation. Consolidated revenues increased approximately 50% year-over-year in Q2 2026, while net cash provided by operating activities turned positive to $0.5 million, marking the first quarter of recurrent positive operating cash flow in the company's history. Constructed assets and construction in progress reached over $393 million at quarter-end. The company also closed a $40 million registered direct common stock issuance at $10.00 per share with two new long-term investors. Sky Harbour Group Corporation is an aviation infrastructure company developing and managing nationwide networks of Home Base Operator campuses for business aircraft.
On June 29, 2026, Sky Harbour Group Corporation subsidiary Sky Harbour Capital II LLC entered into a second amendment to its Term Loan Facility with JPMorgan Chase Bank, N.A. as administrative agent. The amendment allows for a $20 million borrowing, designated as the OPF Phase II Borrowing, to finance the second phase of a construction project at Miami-Opa Locka Executive Airport. The company subsequently requested and borrowed the full $20 million. To satisfy the amendment, the company must make cash contributions of at least $20 million to the borrowers, which may be funded via proceeds from the Series 2026 Public Finance Authority Revenue Bonds. The company also agreed to refrain from creating liens on its San José Mineta International Airport hangar campus until the replenishment is complete. Sky Harbour Group Corporation develops and operates private aviation infrastructure.